Big data market will be worth $400bn by 2030, driven by AI and ML
The big data world is undergoing a paradigm shift driven by the integration of advanced technologies such as machine learning, AI, and data analytics
What is the projected value of the big data market by 2030?
The global big data market is projected to be worth almost US$400 billion by 2030, with a compound annual growth rate (CAGR) of 13.9% from 2023 to 2030.
How is AI and machine learning impacting big data?
AI and machine learning are transforming the big data landscape by enabling organizations to visualize complex data and derive actionable insights, which leads to more informed strategic initiatives and management decisions.
Who are the key players in the big data market?
Prominent players in the big data market include Microsoft, IBM, Oracle, SAP, Amazon Web Services, and others. These companies are advancing big data solutions with analytics capabilities, helping businesses manage and understand large datasets effectively.
Big data market will be worth $400bn by 2030, driven by AI and ML
published by Clearscope Technology Solutions
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